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CBD in Hexi to take shape before the Tenth National Games
www.odtn.com 2005-4-6 14:45:11

In addition to relevant plans and arrangements, the total volume of industrial investment in Hexi will exceed one billion RMB this year. The frame of the CBD in Hexi will be formed initially before the Tenth National Games and over 10 large-scale enterprises of finance, commerce and trade will be introduced in the same year. The frame of economic industry in the new urban area will center around the Tenth National Games with a total of 5 billion RMB to be invested in construction by the government.

The other day, AIG, the insurance agent with the highest market value in the world, registered as "Meibang Guarantee Service (Nanjing) Co., Ltd." with a total investment of 1.4 million US dollars in the new urban area of Hexi. As the first enterprise with foreign capital and finance in Jianye district, Meibang, with its appearance, marks the new-style service industry taking root in Jianye district, as introduced by a relevant person in charge. At the same time, nearly 20 world-famous enterprises of real estate development cooperate to establish new-style inhabitation areas in Hexi. Commodity-oriented houses of 2.5 million square meters will be promoted to the market continuously before the Tenth National Games. With 10 million US dollars invested in the new plant of Yurun Group, the opening of Auchan Supermarket Chains, the establishment of the investment guarantee company, the new urban area of Hexi is now being transformed from labor-intensive processing industry as well as service trades of food and beverage to capital-intensive processing industry and new large-scale service trades.

With the further development of attracting business and investment, the investment of foreign businessmen has increased on a large-scale from average 1.03 million US dollars per original project to 2 million US dollars per one now. Many projects are large-scale ones with investment of over 10 million US dollars, such as 29.98 million US dollars invested by Walsin Lihwa and 28.80 million US dollars invested by Nanjing Boiler Plant, etc.

The Tenth National Games is just an opportunity for the rapid development of Hexi. After the Tenth National Games, the new urban area will greatly promote attracting business and keep the fine momentum of utilizing foreign capital through many ways. It is reported that based on making a success of holding the Tenth National Games, the new urban area will take advantage of global attention to Beijing Olympic Games, and try their best to attract the attention of businessmen to Hexi. The modernized service industries in Hexi will make a breakthrough in using foreign capital, paying attention to such new service trades as financial arrangement, agency, consultation, laws, conferences, lease, information, publicity, human resource, etc.

From:ODTN.com Editor:Carmen   
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